The Sun. — London, England, 1838-05-19 00:00:00

COURT CIRCULA R HI :.er ,majesty --..-- the s y gave a concert last evcnii:4 at the hew Palace, to which aletabers of the Ronal Fa - iil- ,ri F ,-,r Ministers and their - ~ ~IC orCl c ,ll , Ladi— ..., and a I.irge party of the - ,,,hility and gentry were invited. Tice Grand Sz. , uon W. ' fitted up for the concert, and the entire suite Thof Slate rooms were opened on the occasion, with the exception of Vie " %room., and were illuminated in the same brilliant m an ner as ; Jr) ii the night of the State Ball. 1 PeaceTiz,rter laaore ten o'clock the company began to arrive at the , and were ushered into the Concert-room. Their Royal High ness . es the princess Augusta and the Duchess of Gloucester, attended by J..aclv Mary ~ .oary Pelham, Lady Georgina Bathurst, and Sir Benjamin Stephen -B°o, G.C.H., arrived at ten o'clock. Their Royal Highnesses were re. i eeived in the Grand Hall by the Hon. Misses Dillon anti Paget, Maids of Honnar in Waiting; Hon. colonel Cavendish, Clerk Marshal, Hon. _ Gap Sir William r umleY, Gr:Am in Waiting ; and Lord Alfred 8/Paget, Equerry in Waiting, wl-,0 conducted their Royal Highnesses to he State Rooms ' rhe Duke of Sussex also arrived early. The Duke and Duchess of Cambrid;ge, Prince George, and the Princess Augu-ita of _ .nenbridge came attei,ded by Kent, and the r - ,Ilrrals'n l/ Miss Kerr, Colonel Cornewall and Baron Soon aft; , r ten o'clock her Majesty and the Duches , , of eAt of the Royal Family, passed from the North' -- yellow . . 1 -3. —°° '4l Into the Grand Saloon. ilerAltli.Wel. Teas -. . ~e o'clock, between the first and second Paris of the concert, ',testy and the Royal Family entered the dinig-room, where supper itb ,erned The sideboard in the recess ',l.ontained a collection fr om , ;Perse e R oyal servi ce of large and magniE:cent shields arid salvers, inter a d With gold cup s, em b e lli s h e d and enriched with precious stones, lteflAy arranged on a back ground of crimson. On the return of her Majesty to the saloon the concert was resumed. . BThe Duke and Duchess of Cambridge had a grand dinner party 4 t ( veiling at Cambridge Ho•Jse, Piccadilly. The company included Pri n • ~, c, Esterhazy, the Austri;in Ambassador, Prince Odescalchi, Count " °ri°6lo , Duchess of N o',thumberland, Duke of Rutland, Duchess - t . wag r of Richmond P..-aid Lady Sophia Lennox, Marquis and M , ir- GT!ernoness of Londond,,ry, Marquis and Marchioness of Lothian, Earl . Countess of P Ainmore, Earl and Countess Clanwilliam, Earl de - -Y, Lora and " Lady Francis Egerton, 'Lord Maidstone, Sir Robert and Lad y p eet li, Cr set t -,e D u k e o f Arwyll, Lord Steward of the Queen's House u°l(, gave a. State dinner on Thursday, to which the following Noble. l''en and ' invited Duke of Norfolk, Duke of Ri ~ Gentlemen were :—The pi c"fly.rnd, Duke of Leinster, Marquis of Breabalbane, Lord Adolphus Ear tz ~:larence, Lord John Churchhill, Earl of Surrey, Earl of Uxbridge, r, • of Rosebery, Earl of Camperalown, Viscount Falkland, Lord Charles „,. '4l4. °Y, Lord Dinorben Lord Lilrord, Right Hon G. S. Byng, Hon. C. 'ltlrra ' Hammond, Sir Andrew Paget, Y, Hon. Cu!. Anson, Sir Thomas gir V rederick Watson, Col. Armstrong, Mr. Walter Campbell, Mr. H r. Stephenson, and Mr. Marrable. olie Majesty rode out on horseback between two and four o'clock sterda y afternoon, attended by the Hon. Miss Cavendish, Hon. Miss a l on, Viscountess F or b es, B aroness L ehzen, Miss Quentin, Marquis of -,lea dford, Earl of Uxbridge, Viscount Torrington, Hon Col Cavendish, Ilon. C. Murray, Lord Alfred PagJ, and Col. Buckley. Viscount Melbourne and Lord John Russell had audiences yesterday er the Queen. the Hon. Misses Dillon and Paget have:succeeded the Hon. Misses C4) cks and Murray as the Maids of Honour in Waiting on the Queen. i , Ille Duches s o f Gl oucester and the Duke of Cambridge visited ` 4 a.lesty the Queen Dowager yesterday, at M ar lb oroug H ouse. „„ The Duchess of Gloucester, the Duke of Sussex, aPrince Ge of orge :gee Duke and owne Cambridge, were present at the r :arty given at Lans- House on Thursday evening. Byrd Dunda s h a d an i nterview with Visnunt Melbourne yesterday. ,„!. Sao llders had an interview wi:',‘ -: , r- L..ord Glenelg yesterday. "o Earl of Gosford (late Gal tern; :ernor.General of the Canadas) had in - ea's with Lo r d Glenclyesterday, with Vise . aunt Melbourne, in Downing. street, and g, at the Colonial rince. SPOR.TIiY G INTELLIGENCE wAr.4 Rice T SECOND SPRING MEETING. (coNcLunrn). J (Further pa r ti cu l ars o f Th urs d ay .) I d• • C. Plate. —V e l ure made strong play to the cords, where Men ,r challenged, and, after a good race, won by half a length. AL M. Plate.—Engraver and lint cut out the work for half a mileand then resigned to Bravo, who kept the lead to the cud, ''d won by a length. Engraver broke his leg i n cross i ng th e roa d a t i * , . chO ke-j*zie, and ran half a mil before the cou stop him. 13 . was third, Varna f. fourth, e Anne Bolen fifth ld , and Rint 511th, all . p wh laced. y lad ilo 'iicap.—A close and beautiful race with all but St. Luke, could not go the pace ; at the cords Mr. Wages came out, e ni c g i thh ;by a ruck of f our or fi ve, an d , after a pretty contest, won Torelli secon d, an d Hild a th i r d , H i biscus, Wave, and ti 1 i,.7" 1 . 1 3' were fourth, fifth, and sixth, and were well up with the . ah Th T wo-year -old race was very s h arp l y con t este d w i t h Al ms , - " l armaid, and won by a nec k on l y . , The following V. l . horses have eithe r arr i ve d a t E psom, or are on road th ere f or the Derby and Oaks :—Albemarle, Richard Pretby, N onp l us colt, Cobham, Monc Adam, Industry, "It c'n's dam f., Caroline Elvira, f. out of Spectator's dam, Jag- Davie Gellatley, Sister to Ilamfyld e , B arcaro ll e , E ar ly Bi r d, .Y k ", Young Rowton, Bristolian, Dormouse, Chemist, Unique, Fairy Queen, Scurr colt, Bustle lt, Si to Glaucus, t'1414 Datura's dam filly, Streamlet filly, co Inuendo, ster Drum Major, VERP 1"11 0a • OOL CRAVEN MEETING, WEDNESDAY. 4 , -Ititr ee Stakes of 15 sovs. each. 10 ft., with 20 added from ‘ 'ne 'Racing Fund ; three years, 6st. 41b ; four years, Set. 51b ; '. '''vo years, Bst. 1211) ; six years and aged, 9st. 21b. Mares and geldings allowed 21b. O nce roun d . • °r " Eglinton's b. g. The P o t en t a t e , 6 yrs T. L ye I. ord Derby's b. f. Miss Bowe, 4 yrs 3 and 4to 1 on Potentate. Won easy. l '' o epstakes of 10 sovs. e ac h, f or the produce of re,„ re , covere d i n 1 835 ; colts, Bst. 41b ; fillies, Bst. T. Y. C. Untried stallions bor mares allowed 31b. 6 Subs. Ire Dawson's br. f. by Jerry , 4 T. Stanley's cit. c. by Rowt on ( a ll c T. Lye Ived3ib.) 2 L sto 4 agst c. by Rowton. Vi er, in a canter. 'To Tradesmen's Cup, value 100 toes. in specie, added to a Han dicap Stakes of 20 sovs. each, h . ft., and 5 only if declared before .To Ist of March. The seent , ".:l horse to receive 50 soya. out of `,,, t1 , Stakes. Two miles ov',..r Aintree Course. 20 Subs., 3of Ir, Foy declared, &c. ler's br. c. He- , . 0n, a t a • 5 yrs, Set. 31b Calloway 1 i P ul Lamb's Chit,..Chat, 3 yrs, Bst `r: Alostyn's 13iri',: i i me, . klor Healey's e Li. aged, 9st. 71b g. Brother to Van, 4 yrs, ist. 21b k rd , Derby's rt., c. Parolles, 4 yrs, 7st. 21b -‘.. to ags f ., Birdlime 3to l agst Heron, 4 to 1 agst Brother to 4rl ' 6 t' , [asst Chit-Chat, 12 to 1, and afterwards 15 to 1 agst arell e - m .i. Mon by two lengths. -aiden Plate of SU from the Racing Fund, for all ages, that ''..,ever won 501. before. the day of entry ; three years, 7st ; four Years, Bst. 21b ; five years, Bst. 71b ; six years and aged, Bst. 701 b. Mares and geldings allowed 31b. Heats, once round and 1 a distan ce . '- ‘ l , l '. 11. P urse ll' s b r . C. Latebi r d, 3 yrs...G. Whit e h ouse 0 1 1 '"lr. Chaloner's b. c. St. Leonard, 3 yes Lord Stanley's ch. f. Rodora, 3 yrs... 1 2 dr Air. Lac , ey's b. c. Van, 3 yrs Lord Eglinton's ch. c. Achilles, 3 yrs First heat, 6 to 4 against Latebird, 3 t- 5 1 against Roelora, and 3 to 1 against any other. Won by a Ilea. , Second he a t, 5 t o 4 agst Latebirt l ., and 2 to 1 agst Rodora. Won b y a length. Third heat won easily. Th e TUtrasDAY. -e Craven Stakes, fort -4-0 years old, a Sweepstakes of 25 sovs. e ach, 15 ft., with 30 AMTS. added from the Racing Fund ; colts, s.Bst. 51b ; fillies, 8 - . A. 21b. T.Y. C. I‘ ;'' T. Stanley's L. c. Apothecary L ° r : :v . -% Peel's t,r. e. The Dean 1,•.t1 Derby% b. c. Charlatan Ir. p 'ti c , •R. Price's br. f. The Lady Abbess n. p , 14,. ~,-•• Alostyn s b. c. Papineau I.,,.(t‘4,lffot•d's ch. c. Coryphceus 'tl i , , r- c,_;linton's b. c. Uriali 7 .ad,'Pring St. Leger, a Sweepstakes of 25 sons. each, with 30 on ued From the Racing Fund ; colts, Bst 61b ; fillies, Bst. 31b. .1 . , one and three quarters. The second horse to save his stake. oid w . -. Iv r. .1 ,o e strninster's Sir Ralph Holmes 1 Itlr b ill ikinson's b. or hr. c. Wee Willie k r. 'order's ch. c. Gilbert Gurney A s O gdens s hr. C. Harpurhey 4 Covered in 1834 • colts Bst. 71b • fillies, st. 41b. One mile and Lc:f Is4 nee ; 3lbs. ' allowed to those got by untried stallions, or out . joares whose produce never won. A,a e stminster's b. f. y Pant a wl th e out of Banter... walked oyer :p id; of 5 sovs each, with 30 added from the Racing : 4 ' 11 ; three years, 6st. 10Ib ; four, Bst. 21b ; five, Bst. 101 b ; six ~5 4.41 aged, 9st. Mares 'and geldings allowed 3lbs. Heats, once to • r onod . x/rcliE.. glinton's b. g. The Potentate Lord ac eY's b. h. Caindet Stanley's ch. c. Ole Bull tie the Gerhambury Races come off on Tuesday and Wednesday f or ma xt Lord Verulam's Park, where an excellent course has been il l ~,. Tine Noble Earl is supported by many of his brother al e 'n' e r , of the Jockey Club, and several Newmarket mares have Y arrived. Great sport is anticipated. NAVAL IN !:;i1 1` I (FROM 005 OWN CORRESPONDENT.) the v . smotrrn, MAI" I S.—ln Harbour—Th e B r it ann i a, 120 , fl ag s hi p; thr!l,; story, 104, ordinary guard ship; the Excellent, gunnery ship; 41) 1 1 An_taluon, 10, and the tenders Fanny, Emerald, and Gossamer; / 4 4 , ' ow cutter. ro ck —The Termagant brig, for the Coast of Africa. At Royal George yacht. SPithearl—The Dublin, 50, and Modesto, 16 12th"lvaLs, SAILINGS, &C. DURING TIIE WEEK.—On Saturday, the lb:' ar rived th e Li g h tn i ng steam vessel, from t h e eas t war d , an d sa i led 84rue day for Pi mouth Sailed also the Medea steam vessel, with rrerna i nder of the 24th • Regiment for Canada; and the Bellerophon, t he /1 ° : Pl ymouth and the Mediterranean, the latter having first saluted trai n Of ':ne Comm an d er -i n -Chi e f. O n S un day sailed the M a itl a nd , reil o !r )r e for the eastward, with invalids, &c. On Monday, the 14th, % l i , the Crilizer, 16, for the Cape of Good Hope and the East Indies. t air e 'es daY, the Comm an d er -i n- Chi e f mus t er ed his flag ship the Bri tho ' 4, 1 20. On Thursday, the 17th, arrived the Dublin, 50, bearing Ar e l a g of Vice-Admiral Sir G. E. Hammond, Bart., from South T he ca ' h aving been at anchor off Yarn - mu:li, in the Isle of Wight. `oute G " a nt Admiral struck his flag at sunset, and proceeded direct to Oe „ bi rth 1 htirsday being the day for the celebration of her Majesty's Th e ~* (1?• Y; the ships in ' harbour arid at Spithead fired a Royal . salute. eoro;oelleral commanding the district reviewed the troops on Southse.a bior ; and in the evening both he and the Admiral Commander in -4,,g4ve dinners to the officers of their respective departments. th e Allan Percy, son of the Hun. Josceline Percy, late ( aptain of s erse e l " Pus, has passed the usual examination for admission into the the firs t a nd received his appointment to the Melville, as Volunteer of C l ass. T h e bublin i s ordered into harbour, and will be paid off at this port. her to e Herald, 28, will b e comm i ss i one d nex t wee k , an d repor t g ives es.eLord George I'aulet. Terl.'llb.l, Term agant gun-brig, now in basin, has had her masts taken out ili cle, l ' ur Phse of bri ng i ng th em nearer t oge th er, it h av i ng b een eon. coor:,lthat th e space between the fore and main -masts, and which of s ails t tr •eltides the main body of the vessel, was too great to allow her have that power on her which a vessel of her build requires. Di ed bri dge at her late abode, in New-square, Cam et Friday evening the 4th instant, at the protracted age . of 1 44 tt ' r ee; with the perfect retention o strong inellectu al facuies, k opri ;eabetb Carter field, the founde f r, and, up t to her death, lt sole erri e b r `. °r of the Huntingdon, Brdford, and Peterborough Gazette and virtur, In dependent Press, and who to a spotless life of domestic exetr,"e) Chr istian charity, an d p aren t a l so li c itud e , happily united th ose thei r l ' ar Y traits of female charx•ter, which are seen most to adorn, by IV o ) i m odest dignity a n d goo d sense our E ng lish family ci rc l es hriet o ' :r'elY abstai n i n thi s p l ace f rom any a ll us i on t o th e new pro. k eno j 1) of the above Journal. Suffice it, the surviving children and upder',' id ren, of th e l a t e propr i etor, have become i ts so l e owners—.but tk _ . L i. .%r f cur ns uture tances the mast painful to their feelings, if not detrimental prospects.—Country Paper. ELECTION COMMITTEES. (YESTERDAY.) (From our Second Edition (~ ' _.. ass :vlght.) isEDFORD. The Comm"' Mei at eleven o'clock, when Mr. AusttV Cbjsetted to the vole of William Smith, a cooper, residing in 01'0 Filars-Walk, on the ground that he was not on the rCgrster, and that he personated an elector of the same name, a currier, living in the same street. Mr. Ezra Eagles deposed that he kne.v the voter objected to, who was a lodger in his father's house, and did not possess the qualification. Mi. Sergeant Luntow cross-examined the witness at great length. The vote of William Smith was eventually struck off, whereby the sitting Member was placed in a majority of one. The vote of Thomas BaWrson was then objected to by Mr, Serjeant Ludlow for the petitioners, but was declared by the Committee to he a good vote. The vote of James Robinson was next objected to on the same side, but the Committee had not decided when It was annonnced that the Sps , , , :ker was at prayers. IMPERIAL PARLIAMENT. HOUSE OF LORDS, M•Y la The LORD CHANCELLOR took his seat on the Woolsack at Five o'clock. Several Private Bills were brought up from the Commons. Lord Brougham was observed to enter the House shortly afterwards. His Lordship was greeted by several Noble Lords on the Opposition side of the House as he proceeded to take his seat. GLASGOW AND EDINBURGH RAILWAY. Lord HADDINGTON presented several petitions in favour of the Glasgow and Edinburgh Railway. POOR LAWS (IRELAND). Lord STRAFFORD presented a petition from Londonderry, not against the Poor Laws for Ireland, but against the present Bill. NEGRO EMANCIPATION. Lord SLIGO presented pe:iticns from Preston, Northumberland, Sheffield, from the Assemblies of several Dissenting Chapels in Bir. mingham, and several other places, in favour of Negro Emancipation. POOR LAWS IRELAND Lord RODEN' presented petitions from Armagh, and from the Cor_ poration of Weavers in Dublin against the Poor Law Bill. The Marquis of HEADFORD presented petitions from Cavan to the same effect. Earl ALBEMARLE presented a petition in favour of the abolition of Negro Slavery, The Marquis of CLEVELAND presented a petition to the like effect. IMPRISONMENT FOR DEBT. Lord BROUGHAM seeing his Noble and Learned Friend (Lynd. burst) in his place, begged to ask him when it was his intention Iro.luce his Imprisonment for Debt Bill.—(A laugh.) Lord LYNDHURST said that he was not a - Bill of his on their Lordships' table, but that there whs any which wou!d shortly be laid bey “er Majesty's Ministers had ono Lord BROUGHAN , ..,re the House. Noble Friend said he knew very well th a t h e an d hi s tut It'a on the woolsack had a Bill on t hi s su bj ect, ,foble and Learned Friend (Lord Lyndhurst) had left n ' e ...ey the word " Whereas" in that Bill remaining, and he now wished to know when the fosterfather intended to introduce his nursling before that House. Lord LYNDHURST replied, that he hid had the assistance of the Master of the Rolls, and that in the course of a few days, the Bill would be before their Lordships. The LORD CHANCELLOR begged to state, that he considered that very great alterations and improvements had been intro_ duced in the Bill, but in the main part it had not been very materially altered. The Committee on the Bill had met this day, and had adjourned till Tuesday next, for the purpose of giving tho Noble and Learned Lord (Brougham) an opportunity of going through its details. CHILDREN IN TILE MILLBANK Lord RADNOR wished to ask the N'oble Lord opposite (Lyndhurst) what had become of the children in the Penitentiary to whom he had alluded some time since. Lovi LYNDLIMIST understood that one had been removed, and tha the other would be removed in a few days, WAR IN SPAIN. Lord LONDONDEMIY gave notice that he would, on Thursday next, move for certain papers and correspondence with respect to the policy of the Government ai to the war in Spain. Lord BROUG II A M stated there would be no House on Thursday next. Lord LONDONDERRY then gave notice for Tuesday 6e'nniglit. NEGRO EMANCIPATION. Lord BROUGHAM then proceeded to present an immense number of petitions in favour of Negro emancipation, which had eccumulated in the course of the last ten or twelve days, which most completely contradicted the assertions made both in end out of Parliament that the question with regard to Negro slavery had cooled. He might say, in contradiction to these assertions, that their Lordships table bent, although the Parliamentary expression was groaned, with the wei;;ht of these petitions. The Noble Lord presented, amongst other petitions, two from Glasgow, one of them signed by males the other by female signatures, amounting to 100,000, Carlisle; North Shields, Belfast, Lanark, Aberdeenshire, Fife, Birmingham, Diss (Norfolk), Leeds, Manchester, Dublin, Swaff7mm; a great ma”' from Cumberland, Dunfermline, Macclesfield, Elgin, Weston Super Mare, Edinburgh, Chorley, Brandon (SulFulk), Portsmouth, Peignton (Devonshire), Peebles, Devonport, Amyeside, Staleybridge, &c. &c. CHMCH or SCOTLAND. Lord BROUGHAM also presented several petitions against any additional endowment to the Church of Scotland. They were, among other places, from Melrose, Forfarshire, Banff, Sunderland, Kirkwall, Dundee, Perth, Heckmondwike, Preston, Hamilton, Renfrew, Annan, Kilmarnock, Forfar, North Shields, Durnbartonshii:tt, &c. &c. The Er.. 11 of ABERDEEN presented petitions against slavery. IRISH POOR LAW. 1 he Marquis CLANRICA R DE presented petitions from Leitrim and Galway against the Irish Poor-law Bill. The Marquis of BUTE presented a petition from Newton, praying for the abolition of Negro slavery. The Bills on the table were then forwarded a stage, and the House adjourned, HOUSE OF COMMONS, MAY 18. The SPEAKER took the Chair at the usual hour. The Berden Inclosure, and the Deal Pier Bill were read a third time. Mr. DIVETT brought up the Report of the Committee on the Exeter Gas Bill. On the motion of the Marquis of CHANDOS, the Aylesbury and Theme Road Bill was read a third time and passed. On the motion of Sir ROBERT FERGUSON, the Londonderry Bridge Bill was read a third time and passed. Mr. CAYLEY presented numerous petitions from Westmoreland, Whitby, and other places, all in favour of the immediate extinction of slavery. POSTAGE. An fiox. MEMBER presented a petition from some place in Kent for a reduction in the rates of Postage Referred to the Committee mPostage. CHURCH PROPERTY. An MN. MEMBER presenteJ a petition from a parish in Essex, praying that any improved value which might be given to Church pro. perty should be applied to strictly ecclesiastical purposes. NEGRO SLAVERY. An HON. MEMBF.II presented a petition from Wellington, Salop, for the abolition of Negro apprenticeship. Captain WEMYSS presented twelve petitions from the County of Fife, praying for the abolition of Negro apprenticeship; also against additional Church endowments ; also for a reduction in the rates of postage. Mr. G. W. WOOD presented a petition from Kendon, signed by 500 persons, praying for the immediate extinction of the system of Negro apprenticeship. Mr. VJARBURTON presented petitions, praying for a low and uni form rate of postage from 150 London solicitors and attorneys ; from the mayor, aldermen, and burgesses of Bridgewater; and from three other places. Al.q) a petition on the subject of the Baron de Bode's claims, containing a denial of the truth of certain statements set forth in do cuments laid on the table of the House, and praying that an opportunity might be afforded to prove the truth of the allegations contained in the petition.—The petition was ordered to be printed. Mr. RIPON presented a petition from Gateshead, praying for the total abolition of slavery. Sir WILLIAM HEATHCOTE presented a petition from a parish in Hampshire, praying for the be'ter observance of the Sabbath. Mr. CHALMERS presented a petition against the New Prison (Scotland) Bill. Mr. PEASE presented several petitions from different parishes in Durham, praying for the total abolition of N egro s l avery. Mr. DIVEI7 presented a petition from a place in Devonshire for the immediate abolition of Negro apprenticeship. Lord ADA RE presmtcd two petitions praying for the immediate abo lition of Negro slavery. Sir R. INGLIS presented a petition from the Chancellor and Fellows of the University of Oxford against the recommendation of the Ecclesi astical Commissioners relative to a new valuation of Church property. The HON. BARONET also presented a petition from the inhabitants of Bedford, Tavistock, and other Squares, in favour of the Metropolis Improvements Bill. Mr. Sergeant TALFOURD presented a petition from a laity named Green (we understood), in favour of the Custody of Infants Bill, sho being suffering severely on account of the present state of the law. Mr. M. ATT WOOD presented several petitions in favour of the im mediate abolition of the apprenticeship system. Similar petitions were presented by Colonel Davies from Worcester. Mr. HAWES presented a petition from the inhabitants of Peckham, and Monmouth, iu favour of the immediate emancipation of the negroes. POSTAGE. An Hos. ikfloinErt presented a petition from the Editors of Oxford Newspapers, praying for an alteration in the present s)stem or Postage. NEGRO SLAVERY. Colonel BERKELEY preaented a petition from Gloucester praying for the abolition of Negro apprenticeship. On the motion of Mr. SANFORD, certain returns were ord,red respecting the Yeomanry, and the expense attending them for the year 1837. Sir R. PEEL presented petitions from the operatives of Adley, in the West Riding of York, in favour of the Factories' Bill. The Right Hon. Baronet also presented four petitions from different parishes in Staffordshire, against the Poor Law Amendment Act. Also several petitions in favour of a uniform penny post ; and also petitions against the Copyright Bill. Mr. HAWES presented a petition from Dudley, in favour of the British manufacturers' Protection Bill. Colonel SIBTHORP postponed his motion for a elect Committee upon Fire Insurance, till the 31st of the present month. THE WHITSUNTIDE HOLIDAYS. Mr. WARBURTON wi,hed to asl 7 ,tt; ';1;leI;;c1, — ;he Secretary for the Home Department, what holida)s he intended to give the House at Whitsuntide ?—(Laughter.) Lord J. RUSSELL said that at present he intended only to move the adjournment over Whitmonday and Tuesday. CANADA. Mr. HUME begged to ..sk the Noble Lord what was understood by her Majesty's Government to be the actual condition of Upper Canada. He wished to know whether civil or military law was at present in force in that Province. He perceived from the Newspapers that the Civil Courts were at present sitting, and that at the same time military law was in operation. The Civil Courts were very active in trying persons accused of high treason.—(Hear.) In such a state of affairs he was compelled, although with great reluctance and regret, to ask for a copy of the instructions to Sir George Arthur. Since the arrival of that officer in the province two executions had taken place upon the 12th of March—six were ordered fo r th e 20th, and other four for the 27th. The h a bitants were surprised an d horrified at witnessing such an ex hibition, and even the Executive Council had endeavoured to stay the hand of the executioner in vain. The object of his (Mr. Hume's) enquiry was to ascertain what was the actual condition of the unfortu nate province in respect to the administration of the laws—ivhether it ,vas under a Civil or Military Government. —(Haar, hear, hear.) Lord J. RUSSELL said, with regard to the state of Upper and Lower Canada, he could only state that several laws had been passed by the Legislature in Upper Canada, prescribing a certain mode of trial, according to which persons charged with treason were to be tried. The Government at home had not yet received copies of these Acts. He was informed that two persons to whom the Hun. Members alluded had been tiled before the ordinary tribunals, but no intimation had reached him that the executions had taken place. With regard to the instructions sent out to the Governor of Upper Canada, he had no objection to produce them to the house.—(Hear, hear.) Mr. lIUME had moved for copies of those laws, as he understood the ersons in question hail been tried by ex post facto law. Sir G. GREY said the laws to which the Hon. Member alluded had not yet been received at the Colonial-office. Mr. HUNIE.—The Noble Lord has not yet stated whether Lower I Canada is tinder civil "• law. ...urn J. RUSSELL—A portion of Lower Canada had been placed under martial law by Lord Gosford ; that order had been renewed by Sir John Colborne, but he had no doubt had since been repealed. 'COINAGE: , . . Colonel SIBTHORP said he had moved for a return teii t ays Pne the amount of four penny pieces, commonly called " Joes " (Laughter) —issued, as be understood that complaints were very generally made of procuring that coin. Mr. LABOUCHERE understood that that coin had been generally circulated throughout the country. Colonel SIBTHORP said he understood there was a very general corn. plaint among the bankers in the City of the difficuly of obtaining that Mr. LABOUCHERE said it might probably be inconvenient for the Bank of England and other bankers to issue that coin, but if it were put into circulation, it would certainly proVe a great buiefit to the poorer classes, espetially in the manufacturing districts. There was not the least difficulty in obtaining them from the Mint. Mr. HUME would beg to ask whether it was competent to the Bank of England to refuse to put into circulation any coin which it might please her Majesty to issue. Sir T. R. REID begged to tell the Hon. and Gallant Colonel below him (Sibthorp), that if he would call at the Bank tomorrow he might have as many fourpenny-picces as he could carry away with him._ (Loud laughter.) Mr. HA EVES gave notice that on Monday next he would move for leave to bring in a Bill for the better regulation of steam-vessels plying on the River Thames for hire. IRISH TITHES. Sir F. BURDETT be.zged to ask the Noble Lord (J. Russell), whether he intended on Monday to go into Committee on the Irish Tithe reso lutions ? Lord J. RUSSELL was just about to have stated to the House the course he intended to pursue on these resolutions. It was not his intention to bring forward that Committee on Monday—(Tory cheers)—bUt to pro ceed with the consideration of the Municipal Corporation Bill.—(Loud cheering.) In stating that he did not mean to bring forward the Tithe Committee on Monday, it was not his intention to aban don the proposition for going into Committee on th Irish Tithes. He proposed at present to postpone that Committee till the _ _ Monday following; and if the Committee on the Irish Municipal Bill should not be finished by that time, he should some day immediately after that propose that the Hotise should go into Com. mittee on Irish Tithes, when he intended proposing to the Committee to change generally the tithe-composition into a rent-charge, payable by the owners of the first estate, That would form alone the basis of the Bill, ',;_toPf one with regard to the arrears of the million which had not I ::itherto been pakt. Sir ItOBEItT PEEL Said the announcement just made was of consi derable hived-tante; add he tint irdperfeetls , InidetsteOd the nature thEipbsal the Noble Lord intended to make with regard to tidies, He did not wish the Noble Lord to help him to farther infor- mation ; but it was quite impossible that any person, standing in his situation, could decide upon the course they would adopt in relation to any one of those matters, without previous delibera tion. The Noble Lord had now stated fat the first time that he tended to reverse the order of the resolution, and to take the Mitilicipai Corporation Bill first.—(Loud cheers from the Conservatives, an. swered by loUd and repeated cheers from the Ministerial benches.) The Noble Lord undoubtedly was porfeetly master of the course he would pursue, hitt he did trust the Noble Lord would pettnit fi euffidient interval to elapse, to enable those with Whdrid he aCied td &milder maturely the course they would pursue upon that measure. What he. hoped the Noble Lord would do, was to pcstpone entering into Com mittee on the Municipal Corporations Bill, at least till Friday next, in order that they might have an opportunity , of consulting together. Lord jorita nm.i,sELL s.rid that, of course, any request of that i.hid with regard to three or four clays time for consideration was a request that he should be most unwilling to oppose. He would therefore postpone geing into Committeee until Friday, still reserving what he had stated before, that he did not propose going into the Tithe Committee on Mnruiay—(Hear, hear)—and that he intended, as the Right Honourable Gentleman has stated, to reverse the order he had stated he should pursue, and to bring forward the Mu nicipal Corporation Bill first. The Right Hon. Gentleman had said he did not clearly understand what he (Lord J. Russell) had stated.— (Cries of " Hear, hear.") • What he had stated was, that after the House should have gone through the Committeee on the Irish Municipal Corporations Bill, which he trusted they would agree to, that then he should propose not to postpone any consideration with re gard to tithes, but that he should propose a measure solely consisting in this—that the tithe compesition -at present existing should lie changed into a rent-charge. He could not say at present whether it would be necessary to state the particular amount in the resolution. Sir It. PEEL—Then I understand that the proposition of the Noble Lord will be limited to the conversion of tithe-composition into a rent charge. Lord J. RUSSELL—Yo. Sir It. PEEL—I shall meet that concession in the same spirit as it is made. I reserve m'self to take an unfettered course; but if I feel it necessary to take any hostile course on the Corporation Bill, I shall cer tainly give full notice, to prevent any unLir advantage.—(Hear, hear.) CANADA. Mr. O'CONNELL asked, if through the ordinary channels, commu nications had been received from Colon6l Arthur, since the executions referred to. Lord J. RUSSELL replied, that intaigence had been received of the capital conviction of several persons, but no communications had been received since. THE BUDGET. The CHANCELLOR of the EXCHEQUER moved the Order of he Day for the House resolving itself into a Committee of Ways an:l Means, which having been done, he proceeded to make a preliminary observation, which owing to the noise of Members rushing to their places, was inaudible. We believe the purport of it was that he would proposea vote to which no objection could be taken, upon which the debate might proceed. I will endeavour to be as brief as the circumstances will permit —as clear as the nature of the subject mid my own intellect will enable me to be—and undoubtedly as perfeetly sincere in the staterx ent which I have to make, es it is possible for me to be. There is no Gen. tleman whom I have the hca our of addressing that must not be aware, from the papers already in hia hand, what are the prospects of the present ys ar, and what the state of the public revenue and expenditure has been. I.Tufoubtedly while in that statement there is nothing to ereate any real or permanent apprehension on the part of the public, there is Much in that statement which, for a time, is the subject of regret. The year, Hon Gentlemen know, has been a year of increased expenditure and diminished receipt. The result has been that which appears upon the balance sheet—that there is at the present moment a very consider. able deficiency. In a hot k which has lately been published by a writer of the highest possible authority on the subject (Mr. Tooke), there is so perfect and accurate a description not only of the existing state of the revenue and the expenditure but of the causes that have led to that state, that, with the permission of the House, I will take the liberty of reading the extract : " The revenue has experienced a falling off in the past year as compared with tie preceding; but independently of the operations of the tea duties, there is reason to believe that the revenue of the prece ding year was an inflated one. It is quite clear that a period of specu_ lation must be attended with an increase of revenue; for not to men tion the operation of over trading, it may be observed that vehen prices have been rising for some time, the tendency to anticipations of a fur. titer advance, in other words, to speculation, extends itself to retail dealers, who, under such circumstances, are induced to enlarge their stock. This causes entries for consumption, and consequent payment of :duties, in the expectation of a continuance of the increasing rations demand. Such was probably the case in 1835-6. When, how. ever, the event proves that the demand for actual consumption does not equal the exaggerated expectation, the dealers are disposed to run off their old stock before they make fresh purchases ; and the difference be_ tween a disposition and an indisposition on the part of dealers, as well retail as wholesale, and of manufacturers to get into stock, or, in other words, the difference between an anticipation and postponement of de mand, is very great, not only upon prices, but also upon the revenum, Now, Sir, it is quite clear that the circumstances stated by Mr. Tooke as matters probable to arise, by general reasoning, will be shown to have actually arisen in the last two or three years. You will find that, in_ dependently of the altered state produced by the alteration of the law, rendering it the interest of parties to pay up the amount of the duty upon a given day—you will tind before commercial pressure was felt, there was every tendency towards decreased receipts, as at present there is the other way. The operation of the revenue is affected by trifles. You have often a period of increased revenue with a commercial pres sure, and you have often a depressed revenue at the time prices are up. The commercial prices to which this country has 'alien, and which have shown themselves already, is not one which has led to such a calamity as that in which this country was placed in 1825, and yet it is one that those who have considered it in all its bear_ ings will say with me, that if the pressure was greater then than now, it is rather by reason of the greatly augmented resources of the country; of the greater preparation that existed in meeting that pressure ; that there was more capital and wealth ; and - that there have been a succession of prosperous years greater than has been known front the year 1830 up to the co nmereiai pres. sure, for there never had been so long and unvaried comm erc i a l and manufacturing prosperity as during that period. Not only, Sir, was that the position in which we stoo. l , but it is to be recollected that, had sdi been , e e r c i u od at o i f on t e afloats commencementinbcoofuntthieys? in which capital l e l av a ta r st g th e e l; Pl invested. I mean that of the railroads, and the specula, ions in foreign stocks. Nevertheless, taking all these matters into aced dint, such was the power, and such the resources of this country, that even when that storm came, the country bore up against it with great sr strength, and submitted to the pressure with less suffering than in the year 1825. There was not, as at that period, suspension ofpayments and great failures. I am not under Valuing in any degree the distresses of the last two years, or the effects whieh they still have upon the manufactures and commerce of the country. But the result of the trial has proved that there has been an addition to the capital and resources of the country. But, Sir, I must, never heless, admit that the pressure has been great, and that the effect upon the revenue has been great also. I must also admit, that the pressure has been accompanied with circumstances, which were calculated to excite apprehensions of no ordinary nature. .The calls on the Bank for treasure for exportation were calcu lated to add to the alarm; and during the pressure conse quences were manifested in another way, by no means unim portant, but en the contrary calculated to create serious reflections. There was at that time an increased demand upon the saving banks, and the money, drawn out, greatly exceeded the amount of the deposits. With all this, I think, Sir, that our prospects are now im proved, and those very exponents to which I have referred as marking the general condition of the country, in those adverse years, would now lead to an inference directly contrary.—(Hear ) Sir, 1 have entered upon these considerations because it is important the House should accompanY use throughout my statement, in order to ascertain whether the hypothesis is correct or not—whether the present state of the revenue is connected with causes which have ceased to operate, or with causes of a permanent character. In like manner when we come to speak of the increased expenditure, it will be for the Committee to consider whether it is of a temporary or permanent nature, and whether the two difficulties of di minishe.d receipts and increased expenditure are temporary or permanent. The operation of the commereal crisi• to which I have referred, the diminution of demand from our manufacturers and experts, and the di. minished employment of hands to a certain extent, has, of course, shown itselfin the diminished receir is for the year. This is observa' le in the Bank balances and other less material points than the ac• turf income of the country.—(Hear, hear, hear.) In 1836-1837, our income was 48,340,0001., and, in 1837-1838, it was 45,808,0001; s!l°w ing a difference between the two years of no less a sum than 2 ; 532,00 01 . Now, undoubtedly, that would, in the first instance, appear to be a most alarming decrease ; and, if we considered that it was of a perma nent nature, we should either cave to look to the expenditure side of the account, and see whether it should not be reduced to such all extent as to meet the difficulty, or we should have to make some pro position for an increase of taxation. But I trust I shall be able to make it clear to the House that the diminution of income to which have adverted, is not of a permanent character, or not of a character that need lead to any well-founded alarm. But before I go into an analysis of the point, I wish to make some observations on our expenditure. The whole year has been one of diminished income and increased ex penditure, and Hon. Gentlemen should bear in mind that we have had to provide for the whole of the interest of the West India loan, amount ing to 750,0001, which has been done without the imposition of a single additional tax—(Hear, hear)—that must always be taken into account in reckoning, our income and expendi ture. We of our have expenditure alsoalso c t o h n e ne c c o t u e r d se ,,ih of , the present My Right yea r, an increase Honourable Friend on a former occas i on, has asked f or informa tion on this peint, and I shall end eavour to g i ve t h e b es t infor mation in my power I Ileac taken th e lib el ty o f anticipating some of the items, but even a t t h is day I ant not able to state with great certainty the amount of the c h arge, andl shall give the best explana . tion I can.—(Hear, hear.) There is an increase, as Gentlemen will see, upon the estimates for the present year, but there has been an increase of expent; frOM Canada, which showed itself in drafts upon the Treasury on the part of the Commissariat; and the bills falling due in the months of January, February, March, April, May, and June. for the services of there provinces, amounted to 467 , 5461 . and there are fur- the r ou tst a nding bills to the amount of 6,260/., making in all 473,806/. In eilditiOn t 8 that there is a sum which will be paid to the Commis sariat from the taitiathata Treasury, amounting to 100,0001., and there are dollars remitted from Jamaica to the amount of 180,0001. Sp that the total amount provided for Canada is 681,000/. •-• to be provided for. lam not in a con. Thus was a sum of 68; ee course it has dition to say that this sum has been expenctea—e. not been expended, for the military chest has been recruited to a considerable excess over any ordinary occasion. Upon a former occasion my Right Honourable Friend asked me for the excess of the present time over the average of other years, so that we might arrive at a proximate estimate of the two periods. The average expenditure of the year immediately preceding the present was 205,0001. so that tor the months to which I have adverted, the expenditure being 681,000/, that sum compared with the annual average of expenditure of 205,0001., will show the difference, but at the same time the Committee will see that there was a much greater supply of all necessaries laid in. Of course the Commissariat must have larger resources at its com mand, in proportion as the force in Canada is augmented—therefore I do not think it fair to assume that ti e proportion is as those two sums, The balance or difference between them would not, in my opinion give the fair ratio. lam not enabled to state with any accu racy the eXact condition of this expenditure, because at the outbreak it was necessary to arm an irregular army, and to establish an irregular commissariat; but since the accession of Sir John Colborne, a Board of, Officers has been established in order to make a strict examination of the whole of the expenditure, and I am in hopes that before the end of the Session I shall have such information as will enable me to , lay before the House a full and accurate account of the whole expenditure. At present I have endeavoured to make the state ment as clear as possible. If I had now asked for time, in order to have made myself acquainted with the details of this expenditure, I Would have been very much taunted, and with justice, and therefore it is that I now bring it forward upon the imper fect information I now possess. —(Hear, hear) The Committee have lso to be infarmed that, amongst the payments of the present year, there is a sum of 200,000/., which is a payment not belonging to it—a payment which came upon us unexpectedly. I allude to the time when the change took place in the payment or exdhange of Exchequer bills. On a former occasion I stated to the House the grounds upon which I felt the necessity of changing the time of those exchanges, so as to fiat due at a time when the Parliament was usually sitting. The exchange, which took place in 1836, when Parliament was not sitting, when 12,000,000/. were to be provided for, showed me the absolute necessity of no consi derable exchange being allowed to take place, except when Parliament was in session. We made the alteration, and the effect of that aitetatien was to put upon the expenditure of last year this sum of 200,0010/. 5 which under ordinary circumstances would not have to be provided for until June in the present year. Therefore we have not only the extra charges of Canada that have been paid, but we have 200,000/. of charge belonging properly to the current year, which we have, in point of fact, paid by anticipation. Sir, there is a third ground of increase with which Gentlemen ate also familiar—l mean the increased charge of the in chequer bills. That is the charge for the six quarters fereat on • which amount to the sum of 396,0001. which have elapsed, an. „ .hequer Bills, the effect of Since the rise of the interest in _ the amount that rise, 13y etfnittaring the amount paid Ns._ which Would have beenpaid at the interest of lid. Addy, Cr. ounts of 396,000/. Sir, I may without anticipating a discussion that may take place hereafter on the question of the Hen. Memoers for Coventry and Ililkeni4-1 may say that I do not; on reflection ; in any the slightest degree, regret the rise of the interest on EXcheqUei When that is impugned I shall endeavour to defend the step I took; but I think it is somewhat hard, when I made this state ment of the interest—l think it extraordinary, when the object for which the rise in interest took place has to a considerable extent been answered—l do not think it is just that Gentlemen should, after that, attack the measure in which they appeared at least to acquiosce. The Honourable Gentleman upon a former night seemed to think that he could dispose of the whole of this question by saying, that now yen are paid an Interest of three per cent., money can be had at two per cent., and he said public security is better than private security. If the interest on private se curity is two per cent., you ought to have made your loan of Exchequer bills at a much lower rate. How would the lion. Gentleman work out that preposition, if he compare the interest which he states to be 2 per cent. in Bills of Exchange or private security, with the intere:t repre sented by the actual pride of Consols., because, according to his argu ment, public security is better than private security. Why, Sir, he knows very well, the pr ese nt pri ce o f C ons ol:, that 31.65. is the interest of money. The Hon. Memb er k nows we ll th a t his two per cent. interest is the in terest upon some peculiar transactions—upon deposits upon bills or stock for a time ; but for any lion. Gentleman to say, that, generally, the interest upon mo ne y of declarationwhich news saw equalled.—(Hear.) Sir, I have now in the City is only two percent., exhibits a rashness endeavour6d to show the House that the present year is one of increased expenditure and diminished income. I have told them the grounds which lead to that result. I shall now endeavour to compare my estimate of income and expenditure fur 1837 with the results. And I confess, Sir, that my enticipatioes have been contradicted by the result. My anticipations as to the revenue In the last year hare been disappointed. The . estimate which I made of the revenue for the last year ending April, f 837, was 47,240,000/. The actual income was 46,090,0001. My estimate of expenditure was 46,873,000/. The actual expenditure has been 47,519,000/. There has, therefore, been a deficiency, 0f.1,428,000/. ; but, then, there is a comparison which I think I have'a, right to institute. I made an estimate of the Meanie for the year pro. ceding, as well as the year following, April, 1837 ; and there was Olson the income of the one year an excess fully counterbalancing the deficiency upon the other. And therefore I should wish the House to consider how the income of the two years will stand as ompared with my estimate. Mr. HUME was understood to say that he thought the Hon. Gentle man's calculaticn not quite correct—the deficiency would be 1,700,000/. The CHANCELLOR of the EXCHEQUER—The calculatian which I made was I,42B,oool.—namely, deduction of 46,090,0001., the actual expenditure, on the 10th April, 1838, being 47,519,000/. I wish to call the attention of the House to the compari son of the income and expenditure of the two years 1836 and 1837. The total estimated amount of income was 94,220,000/. ; the actual receipt was 94,543,000/. The average would be on the estimated amount 47,110,000/. The average on the actual receipts 47,271,000/. —(Hear, hear.) Now wills respect to the expenditure, the total estimated expenditure of the two years was 93,710,000/.; the actual expenditure 94,109,000/. ; the average being—on the estimated expert dituee 46,871,0001., on the actual expenditure 47,054,000/. Therefore gentlemen will see that though we have had a considerable deficiency on the income of the single year, yet there has been a considerable ex cess on the income of the previous year. Taking my anticipation of the income of the two years together, and comparing that with the result, so far from there being any deficiency whatsoever, there in on the contrary as much of identity as can ever be exp ec t e d on an est i mate. . . _ - •lIM I shall now proceed. , Of the whole of that 428,0001. which appears to have been the deficiency, the House will recollect that 200,0001. of that is accounted for by the payment of Exchequer Bills, which in ordi. nary circumstances would be paid in June, but which have been paid in' the month of March. Now I will proceed to state what the prospects of the year ensuing will be. I have made my calculations in two ways-- the one which I think is a fair one, upon the average of the two last years, taking the productive and unproductive years. I think that will lead me to .st fair result. At the same time not wishing to lead astray, I have taken a wider average—l have taken an average of three years. which is more disadvantageous for my purpose. Now I shall tell the House how the account stands.—(Hear, hear.) On the past average—taking the average of two years—l calcu. late the income from the Customs at 20,795,0001., the income of the Excise at 13,950,000/., Stamps at 7,000,0001., Taxes 3,600,000/, Post.office 1,000,0001., Miscellaneous 979,0001. I have omitted the smaller sums, introducing them—the total amount would be 47,971;803/. Now the expenditure is a s f o ll ows : —The interest of the Funded Debt and Exchequer Bills, 29,350,000/. ; charges on the Consolidated Fund 2,400,0001; total 31,750,0 14 0/. The surplus ser. vices of the Army 6,800,0001 ; the Navy 4,800,0001., and the Ordinary 1,500,000/. ; the miscellaneous 2,550,000/.—making toge ther 15, 729,0001 a and a total expenditure of 47,479,000/. Sir, the miscellaneous services include a vote, which is in the nature of a vote of credit for our military expenses in Canada. The House is aware that for the last five or six years I have altogether omitted taking a vote for army extraordinaries. I omitted that, because I thought it improper in the time of peace, and because I felt that it would lead to complaints from the House. That account, therefore, has been dis continued ; but at the present moment, in reference to the provinces of Canada, I think the just and legitimate way o f providing for that expenditure in place of coming down with an estimate ,for the truth of which we could not make ourselves responsible, to state that which, we considered to be the probable amount of expenditure, and to take a rate fur army extraordinaries upon that, The amount which I propose to take is 500,000/. But that is included in the miscellaneous expenditure. The account will show that if the calculations are correct, so far from hay. frig a surplus revenue, at present there is an actual deficiency of 208,0001. Instead of exaggerating the account of the revenue, it would have ap. peered more favourable if I had taken the average of the last three years. The difference would have been diminished, and there would have ap. peared a decrease of 505,000/. 1 present the account under the double it for one year or for three years. alternative saoß of E taking R t i ak p EEL here made some observation across the table, which was not heard in the gallery. The CHANCELLOR of the EXCHEQUER proceeded—l beg the Right Hon. Baronet's pardon. No taxes were reduced last year, but there were reductions the year before. But I do not think that the reductions which tookplace in that year had any considerab'e effect upon the revenue Taking it under the most disadvantageous view of the case I have been recommended to make it upon the average of three years, and not upon the average of two years. This shows, as I have taken the liberty of statsng, an actual deficiency of the sum of 208,000/. under one aspect, and 505,000/. under the other. Then the question is how is this deficiency to be met ? It certainly is not by a question of reduction of taxation as I hare endeavoured to explain to the Hon. and Gallant Officer oppo site (Col. Sibthorp). I wish the state of the finances could hold out a prospect of a reduction of taxation. That is not our position. We must deal fairly with the actual state of things, and admit, small, I grant, and not exceeding between 260,0001. and 500,0001., but we are now to ask ourselves how is this to be met? There are only two means to meet this question, and the preference given to the one above the other resolves itself into the answer tile House may give to one question. If this be permanent in its nature—if there be any ground to apprehend that this deficiency, small, or ally, be permanent in its character, there is but one way in which it ought to be met —and that is, b y coming boldly to the House of Commons, stating the facts, and asking it to give us the means of increased taxation as an additional means of discharging the obligations of the country.—(Hear, hear.) From that position no man who feels his duty sensibly can retreat; always assuming that they see in the nature of the case presented to them a permanent and not a transitory diminution or reduction of the expenditure, Now the question is, is this deficiency of a per manent o r of a temporary nature ?—(Cries of " Hear, hsar.) Is the increase of expenditure temporary or permanent ? There is no one who looks at the whole of the facts of the case, that must not feel as reasonably Confident as any one can in future events, that the cause of this depression of the income is temporary, and that the calls'i of the increase of the expenditure is temporary also. And if this be the case, the very cause which might induce a Minister to come down to the House of Commons and ask for an in creased taxation, would also, if he thought the deficiency but tem porary, in some degree dissuade him from taking that course. Sir, undoubtedly during the time that has passed since the formation of Lord Greys Government we have had some experience in the reduction of income consequent upon the reduction of taxation. In the October quarter of 1831, in consequence of the reductions made by the Right Hon. Baronet opposite, there was a deficiency of 20,000/. In January, 1832, 69,800/. ; in April, 1832, 124,000/. ; in July, 1 8 32, 126,0001. ; b ut then the tide turned, and in the following quarter there was a surplus of 467,000/. ; in the quarter following that, of 640,0001; then of 1,400,(00! ; then of 1,500,000/4 and so on augmenting up to October, 1836. As to the period since I have been in my present office, in 1836, the surplus was 2,312,000/. ; in 1837, it had fallen to 2,130,0001.; and in April, 1837, it had fallen to 1,008,000/ ; and in the 2 or 3 last quarters, there was a deficiency of income under : expenditure. In 1832, in the second quarter, there was a deficit, but afterwards the resources rallied, and the year was good. I have no doubt but tie same result will follow in the present case, for already, I am happy to say, that the income (f the country is exhibiting an improvement—all the accounts I receive are most satisfactory and cheer ng. Then, if I am right in calculating that this small deficiency upon the present year i merely temporary, that it will be all made up by a revival of our trade— d- I am right in considering that the depression is only temporary, then, I say, that it must be met, not by coming to Parliament, .to add to the taxation of the country---(Hear, hear, hear)--but by tak ing the very same course as was taken upon a similar occasion, and which course was assented to by Parliament. I wish, Sir, to call the attention of the House to the state of things •in 1827, the period when Mr. Canning filled the office of Chancellor of the Ex chequer. Sir, I find that Mr. Canning in moving his resolutions founded on his financial statement, estimated the receipts of 1827 at 46,000,0001. The expenditure, not including the Sinking Fund, he estimated at 51,800,0001., and the Sinking Fund he estimated at 5,700,0001., there fore, he found himself in a deficiency of 2,900,0001.—(Hear, hear.) Sir, the observations of Mr. Canning on that occasion were as follows : —" For the present year the question which arises out of the statement "-we made to the Committee, and which they will have to consider Is, 4 ^6ciency, which I have stated in round numbers '- whether this deficiency shall be • an the peculiar cir --dient whether the preseti,..— to be three millions—the plenum provided for by any extraordinary vote, or whetnei cumstances of the present year it may not be more ex t .-- to make a credit on the Consolidated En's./ This is a pro posal to attach the amount to the unfunded debt." Mr. Can ning had before him a - deficiency of three millions sterling. The maximum of deficiency which I have to deal with is from 280,000/. to 500,0001. The analogy between the two cases is in many respects sin. gular and complete. Mr. Canning's deficiency was occasioned by an expen diturefor Portugal, and betook a vote for it. We have to meet an increase of expenditure with respect to Canada, and we have got a vote for that. Mr. Canning stated that he took that course upon the ground that the amount of Exchequer bills outstanding was lower than was customary, and that the price of Exchequer Bills marked a pre mium. He stated the amount to be 24,000,0001. That is the amouut of Exchequer Bills which now exist. He stated the in. terest to be 3 per cent —that is the interest which Exchequer Bills now bear. He stated the premium to be 50s ; the premium they at present bear is about that amount. There fore, if it were safe for him to have taken that step in reference to a deficiency of no less a sum than 3,000,0001, I trust the Committee will see there is no improper risk run now, but that on the contrary, I should act improper by the House and the country if, in order to meet a temporary evil, I asked the House or the country to submit to a permanent augmentation of the taxes. I have stated that the amount of Exchequer Bills outstanding at this moment is 24,000,0001. An account has been called for, for the information of a Member, which will show not only the state of sup ply of Exchequer bills, but also the state of the deficiency bills. '1 here is an account, I believe, already exhibiting something of this in detail, but I wish to have that account before the House in a fuller way, and brought down to a later period. The amount of Sup ply Exchequer bills outstanding in January, 1838, is 24,044,0001., the lowest amount which I find since the year 1827. The amount of Deficiency bills in 1838 has also been less than was known in previous times—the lowest amount between 1827 and 1838 was 18,871,000/., which Was in 1837. In 1838, the amount of defi. c:ency bills had naturally augmented— they have augmented to 22,000,0001., which is less than the outstanding bills in 1829. I wish to call the attention of the House to those fscts. In the years from 1828 to 1834, large a lvances were continually made by the Bank to the Government upon sugar Bills. But in the years 1835, 1836, and:lB37, up to theist ofJanuary, 1838, there has bean no single advance of that e:sracter a=kcil for or obtained by the government of the Bank. I soy this in the presence of gen:lk men who are connect,d with that establishment. I say confidently that the Bank at all events has nothing to complain of in its transactions with the Govern ment—that the operations of the Government have had no effect upon the Bank. The advances we have received were not only of the ordinary kind, but they were of much less than the ordinary amount within these last three years. I have now shown the - se that if we compare the estimates of the last year with —suit, my statement was erroneous; but if it be —rtes of the three or four previous years, my ^ deficiency of 300,000/. or 400,0001. , rtunate occurrences in Ca sussed at all, but :nation Loan. a sus- the actual compared with the statement will be justified. In.. , would not helve eXisted but from the nada. Nay, more so, it *Mild not have- au, for the obligations of the existing Slatit Ety Either of these results would have converted that cicNicncy int. plus; but I am not called upon either to argue the necKs.!`"itY of ti,. measure for Canada, or the obligation of the West India I find them cast upon the country, and they have led to the result I have been describing. It is undeniable that this prospect is not satisfactory—that the House has not a right to be satisfied, or the public, without the exposition I have laid before them of the income and expenditure Still, at the same time, lam not conscious that the events wl,ich have led either to tl:e increase of the expenditure, or the diminution of the receipts, 'are matters with which I ought justly or fairly to be taxed.' I do not . . think that they could have been averted by any will of the Government, or provided for by them, but whether they a ere or not I feel every confidence that they are but temporary in their character, and looking forward to the resources of this country, to its prospects even at the present time, I think it would be absurd if any Gentleman should say, that because at the present moment there may be some deficiency, there is any or the slightest reason to despond with respect to the credit or resources of the country. It would be absurd to feel any such distrust. There arc cir cumstances, even if we were apprehensive with regard to the state of the public income and charge to which I think it necessary to advert —I mean not only the large conversion, which has been often adverted to, of interminable annuities into terminable annuities, and we are look. ing (Oval d to t' e time which is now rapidly approaching, when we shall begin ,to reap the fruits of that conversion, for we have the means with correct accuracy to calculate the amount of the life annuities, but of some annuities there is no less than between four and five millions of public change, which depend alto gether upon the effiuxion of time. The annulty for years are beginning to fall in, between 1839 and 1840 there will fall in a sum of upwards of 150,0001., from 1843 to 1846 an additional sum of 220,0001., and between 1846 and 1860, 500,0001., and, looking to the whole term, of the annuities, excluding the dead weight, and the Long Annuities, there would be a sum of 1,464,0001. at the period at which their termina tion is fixed. Before the year 1867 there will be a diminution of the public charge, adding the dead weight, and adding the Long Annuities of no leis a sum than 3,057,0001. At that period there will be an actual saving to that amount, upon the charges of the country. I stated"' that we had a prospect, and I trust a just one of improving the . receipts. The prospect of the revenue is better than it was —the actual receipts are more consolatory. Gentlemen will see that the banking accounts show that there has been a return to a sound state, and a fair comparison may now be made between the treasures in the hands of the Bank and its issues. The account of Savings Banks is also consolatory. The deposits exceed the drafts. On these grounds I feel no reason to rpprehend danger for. the future, and Ido not think that I am asking too much of the House and the public, to venture to run this risk upon the increase of the unfunded debt of the country to so small an extent. The Right Hon. Baronet the late Member for Cumberland (Sir J. Graham) called the attention of the Government to the state of advances for workhouses. Un doubtedly there has been an additional charge upon the public for public works in England and Wales, and for building workhouses. Under the system, however, now pursued, we apply the repayments of former loans to the extinction of a new loan. That is, we pay off the amount of the bills issued for public works, taking into the receipt of income the amour.: of the repayment. And the - ^nt on former loans, are amount of receipts at the present mow_ they come in for of themselves sufficient to discharge the bills as . the Right payment. [This is the effect of what we understOot; 'rse Honourable Gentleman to convey.] And I hope in the cow of the present year to make due additional provision for these purposes I without any inconvenience. I feel it right to say that in the course of the present year I shall propose the reduction of the 4 per Cents. I shall also recommend a measure for the recon,truction of the sugar draw backs, by which I anticipate a proportionate saving to the country. I do not take that into the present estimate, but I mention it because I do not wish Gentlemen to suppose that I tun disposed to retire from any engagement which I have entered into. At present I will also mention the state of the question which the South Sea Company have upon the public, but I refer to it so that I may not be charged with having neglected my duty. I thank the House for its attention to the state. ment which I have been obliged to make. If it be unpalatable for the Committee to hear of a falling revenue and an increasing expenditure, they can easily form an idea of how much more unpalateable it is for he whose duty it is to make that statement.—(Cries of Hear, hear, hear.) I thank the Committee the more, because that I have been labouring under a very considerable degree of inconve. nience and personal suffering.—(Hear, hear.) One thing I cannot be charged with. I cannot be charged with having endeavoured to make the best of the case, or with in any degree overcharging my statement. I have endeavoured to state it correctly, and according to the truth ; but where it was a matter of calculation or estimate, I have been careful to go, what I would consider, much under the mark, On these grounds, if-the Committee think it should not be expedient or right on so small a deficiency—that deficiency arising on temporary grounds—to appeal to the House for augmented taxes, I think they will see no other course is open to me but to follow the precedent of 1827, not indeed to the same extent—not to the extent of millions, but to the extent of a few hundred thousand poudds—trusting that the augmented resources, that the increased activity of trade and of manufacture, would enable us in the next year more than to wipe away the existing de ficiency.— (Hear, hear ) The Right Hon. Gentleman then moved that a sum of thirteen millions be raised by Exchequer Bills, for the service of the year 1838. The resolution having been read; Mr. HUME said that the statement of the Right Honourable Gentle.. man had not been by any means satisfactory to him, nor would it be, he was quite confident, to the public ; but before he addressed the Com mittee he begged to ask the Chancellor of the Exchequer a question, be cause, on the answer which he (Mr. Hume) should receive, would de. pend the nature and extent of the observations he should feel it his duty to make. It would be recollected that when the Committee to inquire into joint stock banks was appointed, the Chancellor of the Exchequer engaged that an early opportunity would be ~fforded for entering into a discussion how far the action of the Bank of England or the conduct the Chancellor of the Exchequer had tended to produce the mischief t hat had recently arisen in the commercial affairs of this country. He was anxious to have an opportunity of showing that the public,,revenues had suffered, and that millions of individuals had also been distressed for want of employment, in consequence of the recent shock given to pubic credit, and that that shock had arisen from mismanagement oil the part of those who had th'e control of the money affairs of the coun. try. If the Chancellor of the Exchequer would now fix a day for enter. ing upon the discussion of that question, he would on the present oc casion confine himself to the subject of the revenue and expenditure of the country. The CHANCELLOR of the EXCHEQUER said he was most anxious to discuss the whole question connected with the presont condition of the law affecting the Bank of England, and the practice of the Bank under that law. But he at this moment labour:d under a great diffi culty, in consequence of the unavoidable absence of his excellent friend the Secretary .for the Treasury, the cause of whose absence he was sur, every one must deplore.—(Hear, hear.) He would repeat that lie was anxious that the discussion should take place, and he believed that those gentlemen who Were connected with the Bank of England were perfectly ready to meet that discussion.—(The Right Hon. Gentleman then turned to consult with Lord .T. Russell as to what day could be fixed.) Mr. HUME said he would take the first notice day; and he would give notice now.--(" You cannot.") At all events he begged the Right Honourable Gentleman to understand that it was not an inquiry into the affairs of the Bank alone which he (Mr. Hume) proposed, but it was an inquiry, likewise, i nto his own conduct as Chancellor. ofthe Exchequer. His administration was so coupled with the Bonk of England, that it was im possible to inquire into their conduct separately. The CHANCELLOR of the EXCHEQUER having starched the Order-Book, proposed that the motion of the Hon. Member on this sul•- ject should be fixed fur Thursday, the 31st of May. This being assented to; Mr. H U ME proceeded to state that he could not take the view which the Chancellor of the Exchequer had done as to the state of the finances of the country. The view which betook of the re:eipt and expenditure of the country was very different. According to the statement he then held in his hand, the amount of revenue in the year 1835 was 50,408,5791., and in the last year (1837) it was 50,663,3531. ; being 254,7741. in favour of the latter year. But comparing the year 1835 with the year 1836, there was a surplus in the latter year amounting to 2,540,519/., the revenue of 1836 being 5 2 ,949,3981. In the next year (1837), the revenue was reduced to 50,663,3531., being a defi • cieney in that year as comparel with the former of 2,286,0451 That was up to the end of .Tanuary last ; but the House would observe that the Chancellor of the Exchc quer had made his statement up to the sth of April, by which a further sum of 800,000/. had been added to the revenue. It appeared by the statement of the Right Hon. Gentleman, that 681,0001. had already been paid on account of the state of Canada, and if he understood the Right Hon. Gentleman col rectly, a further sutn of 500,0001. contained to be provide.; fur. The CHANCELLOR of the EXCI.:EQUER said that the addi. tional sun required would not be quite 50,0001. Mr. HUME: at all events appeared that the extra ex-pense-already incurred en account or Canada was more than a million sterling. If he (Mr. Hume) could believe that that would be the outside of the expepse he would be satisfied; but every account which he recived from Ca nada stated that the expenditure was most lavishly conducted. The Right Honourable Gentleman would, therefore, be fortunate if he could clear himself at the expense only of an extra million. But what a picture was this to psesent to the country! Owing to misgovernment*, and the not giving satisfaction to the people of Canada, England was at once thrown into debt to the extent of 1,000,0001.; and all hcik of a reduction of taxes was, for the present at least, wholly destroyed. He had already stated the amount of revenue for the year: 1835,1836, and 1837. He found the expenditure during those years to be in 1835 , 48,787,639/., leaving a surplus revenue over the expenditure for that year of 1 ,620,9401.; in 1836, the expenditure was 50,819,301,, leaving; a surplus revenue of 2 ,130,092/, over the expenditure; witile in the 7 1 i il ia ! ,su_n t s i : odtt O so, g,7.6hbrtt though g s a tit:ealhr arose entirely a n t eiw g ini deficiency ats a irreeexil a expenditureo r revenue i in l s o 3 f year 1837, the expenditure was 51,319,114/., the revenue only a^nount e o t 7 65 ar 5 L 6 1. 11. There e typfarormtlyaanroi s n e cr fi c o a m se t t the different est u sb n; - -enensation loan. A reference to the expenditure on of the slave sae-. .., pensions for sinecures, salaries and allow. account of the civil ances, diplomatic salaries and pt. - . e_sions, courts of justi ce , an d miscel.: ed echarge on these items of' :rtments amounted to laneous, on the consolidated fund, show - - 2,082,817 L, in 1835 ; in 1836 the same d ep. 2,866,9351.; but then a great portion of this was ol: account of the slave compensation loan. In the year ending the sth °flan:My, 18Se e however, there was no such eittra item, and yet the expenditure ors account of the other items amounted to 2,411,4571., being an increase of nearly 400,0001. above the expenditure for 1835. Why should this increase have taken place? Why, for instance, should the expenses of the courts of justice be increased from 430,495/., which was the charge in 1835, to 674,4521., which was the charge in 1837 ? . Let tl e Committee mark, first, that the increase of the revenue in 1630, as compared wills 1835, was 2,031,6771., and that the increase of re. venue in 1837, as compared with 1835, was 2,531,475/. Now all this, the Committee would observe, was an increase of actual expenditure. How had this arisen ? It was because the expense of the army, the navy, the artillery and ordnance had been greatly augmented, and this in a time of peace. It was ridiculous to say that these large esta blishments were its the least degree necessary. So far, there fore, from the Committee agreeing to a vote of credit, they ought to oblige the Chancellor of the Exchequer to make a reduc tion in those establishments. The present frEaisters stood pledged to !act upon a system of economy and retrenchment ; but he was sorry to say that they had not kept that pledge. No circumstance:: had occurred [. which warranted so large an increase in the military, naval, and ord nance departments. In 1835 the charge for those establishments* was 13,801,8321.: in 1837 it was 15,229,927/, making a charge of .1,428,095/. in 1837 more than in 1835. Here was et once a sum ,equal, and mere than equal, to the deficiency for which tine Chancellor of the Exchequer now asked a vote of credit. He wished to point out to the Committee what was the situation of the country this year as compared with the year ending in January, 1835. It was all very well for the Chancellor of the Exchequer to say that expenses had been in, cuffed which he could not avoid. It was true the slave compensation loan had been thrown upon the Government, and to that extent he was t to complain. There had been in 1855 a surplus revenue Of 1 eie0,940/ , and in 1826 a surplus of .2,130,092/. ; so - that after de. .ducting 665,760/., which was the amount of deficiency in 1837, there still remained a surplus revenue of 3,085,272/. in 1837 over 1835; and yet the Right Hen. Gentleman now complained of a deficiency. He would now state what had been the addition made to the funded debt. In 1835 the fended debt was 743,675,300/., the interest and management of this amounted to a charge of e 7,783,45.41., in the year ending sth of January, 1338, the debt amounted to 762,275,189/., snaking an increase 0118,599,889/. in the capital of the debt, and the charge fur interest and management was 28,524,740 e, making an increase in the annual charge of 741,2851., in the course of the three years. He ought to state that there was a set-off against this increased charge, and a very proper set-off: The amount of outstand ing Exchequer Bills in 1835 was 28,446,7001 In that year there was au increase of outstanding bills amounting to 473,000/. ; in the next yeor there was a decrease of 672,000/. ; and in the year 1837 there was a further decrease of 3,740,0001. ; after deducting the increase from the decrease, the absolute diminution of the unfunded debt in those the.. e years amounted to 3,939,350/ . Th ey h ad to set off the egeses,,. ' against the eighteen millions w hi c h h e h a d b e f ore stated as 3,e- -nd the finances of the country would Le found to be the whole e es, ' she difference to be in a worse con di t i on now n. instead of being only in a less de found to the exter..!or than they were three!. ea: else ;, grees worse, as the Right Hon. Geise.eneeen stated, by a reference to two years Gentleman himself had admitted C only ; whilst the Right Honoufetele , that the deficiency on the year costing let April was as much j cas* 1860 of the came round as 1,428,000/. It was true that when the there would be a saving arising from the slropps.7,g in annui ties, and in the year 1867 the country would ire freed from three or four millions by the same means; but the whole emount sat the annuities, although it had not been stated by the Right Herm:treble Gentleman, was only 4,800,000/. ; and even when in 1867 or 1868 the whole should have been got lid of, yet there would still remain an ad dition of twenty-four or twenty-five millions to the permanent debt. Lie confessed, therefore, that he saw nothing but gross extravagance and great mismanagement, and he thought that the Members of that House ought to enforce a little more economy and retrenchment. lie heel in his hand also a paper from which it appeared that the country had lost, by the aggregate amount of increased interest on the Exche quer bills, 294,199/., and that the amount due and payable up to the Ist of January, was 129,7e3/., besides a , loss of nineteen millione— (No, no, from the Chancellor of the Exchequer)—he begged pardon; he meant 19,3084—(Laughter)—on the increased interest on deficiency bills. Add to this the further sum of 92,000/. for the increased interest of 216. on Exchequer hills, and it would be found that the total loss to the country was 536,164/. which had been paid, or would be paid, in consequence of the increase of the rate of interest on the Exche quer bills alone, being almost equal to the deficiency of the public revenue in January last—(Hear, hear, hear)—and when the proper time came, he would not only show the deficiency to that sum, but, besides, that there were other lessee 17 discount on the fifteen millions loan, which would make the actual amount of loss not less (hats 765,000/. / When he saw public confidence returning,. and increased activity shown in the country, he thought it right that it should be made clear to the House that the loss of the country was not limited to the less amount of two millions in the Treasury, but also what operation the shock given to public credit had had upon the country. He had made out a table for the present year similar to that made out by the Right Hon. Gentleman opposite in a former year, hut as this would not in detail meet with such a gracious reception by the House from him (Mr. Hume) as it had experienced from the Right Hen. Gentleman opposite, he would not trouble the House with the full par ticulars. He might, however, briefly refer to the summary of exports and imports during the last three years. The value of imports, which amounted in 1835 to 48,911,5431,had increased in 1836 to 57,230,9681., but hail decreased in the last year to 54,737,301/., being a decrease of two millions and a half ; whilst the whole value of exports, which in 1835 amounted to 91,174,456/., and in 1836 had risen to 97,621,459/, had fallen off in 1837 to 85,681,6691., being a decrease of upwards of 13,000,000/. in the value of the exports and imports of the country. Thus, when the public revenue was most impoverished, the means of pay ing the amount of taxation were lessened by this falling off in the amount of trade. Let the House bear well in mind that it was impossible, with a great decrease in fife rate of wages, for the people to pur chase many articles on which the excise and Customs duties were pay able, and that to this account was to be laid the great diminution in the pule c revenue which had taken place. It might, perhaps, be worth giving a proof of this falling off of exports in some of our leading ma bLeactures. In the leading article of cotton the exports in the year t January, 1836 amounted to 44,849,038/. ; I n the flee t y ear ending „ , 6,g121.; , ' but in the year en di ng s t h J anuary last they they roseo 50,0 _ making a decrea se o f not l ess than 8,746,802/. came only to 41,900, Take next the h ar d ware an d in one branch of our mantita-T rures • cutlery : the amount in January, 1836 , was 1 ,152,811/. ; in 1837 2,842,792/. ; but in 1638 they faille only to 773,823/., b e i ng a decrease in 1837 of 419,3491. The 'rein manufactures export e d in the year ending January, 1836, amountee to 2,955,867/. ; the • amount was a decrease of 98,6231. Again, in the liieen manufactures there had been a decrease between the years 1837 and 1838 from 4,469,330/. to 3,213,345/., being an actual decrease on the stl: Jdnuary last of 1,255,185/. In the woollen manufactures the exports in the year ending sth January, 1836, were 7,399,6571.; in 1637 they were 7,535,064/., but they had fallen in the year ending sth January last to 4,680,247 e, showing a large decrease of 2,854,8171. The same with regard to the silk manufacture, the exports in which amounted in the year up to January, 1836, to 792,0871, and to January, 1837, to 767,987 e, and in January, 1838, they fell to 433,1231., being a dimi nution of nearly one half, or 335,863/. ; making an actual decrease, in the year 1837, of the large amount of upwards of 1e,700,0001., or very nearly fourteen millions, in round numbers, on these six articles alone. He thought that, in the linen manufacture especially, much of this ex traordinary result was to be attributed to the state of affairs in America. He was sure that the House would agree with him in thinking that no thing was more important to this country, than a good commercial feel.. ing with America—(Hear, hear)— and that it depended in a great de. gree as to the state of America, and the firmness of the money mar ket there, whether the shock to public credit would be quickly re covered.—(Hear, hear.) Now, he found that the number of yards of linen manufactures exported from the United Kingdom in 1835 was 77,977,089, whilst the number had in 1836 increased to 82,088,760 yards, but had fallen in 1837 to 56,426,333 yards, being a decrease in 1637, as compared with 1836, of 23,652,427 yards. With France it appeared that, notwithstanding this decrease on the aggregate of our exports, our linen trade had increased, for he found that in the year 1835 we exported to France 1,247,901 yards; in 1636 we exported nearly two millions, or 1; 998 , 158 yards; and in 1837 no less than 3,368,388 yards, the trade being More than doubled in three years. Nor was this all. The total number of pounds of linen yarn exported to France was 2,384,6781b5. in 1835, 4,94 2 , 1411 b5. in 1836, and as much as 7,010,9831a5. last year. To America,. boweier, our exports in the same staple article had greatly decreased. The total number of yards of linen manufactures exported to that country Was 39,937,620, but the quantity had fallen in 1837 to 13,495,453. It was clear, therefore, that a severe shock had been given, and he was anxious to prevent by some means a recurrence of the difficulties of 1835, and he was satisfied from a careful consideration of all the docu ments in his possession that those occurrences might have been in a great measure prevented. There was also one subject to which he wished to make one allusion, and a, a day was fixed for a die cussion upon them he would not then do more. He , referred to the savings' banks; and he wished merely to assure Honourable Gentlemen in that House, and to assure the country, that he Also not anxious to shake in any manner the publiC confidence in those establishments, but he was desirous of placing them on a firmer and more durable footing than they were at present, without auy loss to the public, and that the resolutions which he woad propose would fully accomplish this, whilst it embraced a con-. sideration of the state of the currency and the circulation. But he would now ask the Hon. Gentleman whether they were quite Bathe. fled with the situation of the finances of the country, and whether they oughtnot to go further than the Right Hon. Gentleman con. templated, to guard against the risk under which the country had been placed, and might be again placed ? It was an extremely painful duty for him to show the House in what difficulties the country had been placed in the years 1836 and 1637; but it was wholly is miracle that the Right Hon. Gentleman had escaped sa well. But When it was known that there were ninety millions of floating debt, and that there had been only four millions of bullion in the Bank of England, it was only wonderful that the country had not got into still greater difficulties. He was prepared to show that since 1830 there had al. ways been an annual issue of deficiency bills; and what he wanted was the Right Hon. Gentleman so to regulate the public affitirs as not to want, by the aid of deficiency bills, to ask the Bank for continual advances., Was it not a scandalous disgrace that a great country like England should not be able to pay the dividends without going to the. Bank to borrow four millions or five and a half millions—in the last quarter it was 5,220,000/. He called upon the Right Hon. Gentleman to look to the difficulties which the country had to meet. Why should he go to the Bank? He would ask the Right Hon. Gentleman why he did not place a deposit sufficient to pay the dividerds in the Bank? Many Members might not know what was meant by the term "deficiency Bills."—(Hear, hear.) Theyewere Bills given to meet any present riell eiency its the Consolidated Fund in order to pay the dividends, such Bills being repaid out of the fund when received—so that Hon. Members would see that the country was obliged to borrow like a spendthrift every quarter in anticipation of our income, and this at a time when the Bank might be without a shilling or a sovereign. It was true that when the malt Bills were in existence, the deficiency Bills were decreased, but in 1824 they amounted but to 15,000,000/, but it was only in 1828 that they rose to 0 5,000,000/ e and in 1829 to 26,000,000/. What he required, i.owever, was that the Governmment should not be obliged to go to the Bank at all to borrow money for the purpose of paying the dividends. Such a state of things ought not to exist. He would not reer them to the other evils of so large an amount of Exchequer Ulla, but on a more fit opportunity he would enter into them, and be would close his present cbservations by entreating the Right Hon. ourable Gentleman to leek well at the situation its which he was placing the country by being dependent upon the Bank for the means of paying the dividends. In October, 1836, there werebut four milling!. TUE SUN. LONDON, SATURDAY, MAY 19, 1838.